SecurityWorldMarket

17/05/2020

Aerodyne invests in major ME drone-as-a-service firm

Kuala, Lumpur and Dubai, U.A.E

Aerodyne Group, a world-leading provider of drone based asset management solutions, has made a strategic investment in FEDS Group Holdings Ltd (“FEDS”), the leading drone player in the Middle East. This investment would allow Aerodyne Group to leverage on FEDS' strong growth trajectory and financial performance to further enhance value for its shareholders.

FEDS (Falcon Eye Drone Services) brings the expertise of one of the top leaders in the global drone services industry into the Aerodyne family. FEDS has conducted thousands of commercial operations for some of the biggest companies in the Middle East, while Aerodyne itself is already a global leader with more than 300,000 infrastructure assets inspected and managed across 25 countries. Both companies are ranked among the top 20 drone service providers by Drone Industry Insights, a leading source for independent drone market intelligence.

Aerodyne founder and Group CEO, Kamarul A Muhamed said, “We are proud to welcome FEDS into the Aerodyne family. FEDS provides Aerodyne a strong foothold to accelerate our expansion into the Middle East. By combining our expertise and FEDS local content, we have created a platform which is primed to be the market leader in the region and will supercharge our next phase of growth.”

FEDS aims to continue to provide premium turnkey aerial inspections of infrastructure assets in the energy utilities, geospatial survey, public infrastructure and telecommunications sectors. Leveraging on Aerodyne’s DT3 technology will enable FEDS to offer deeper disruptive solutions to the Middle Eastern market. By combining smart drones and AI, advanced analytics and solution approach to enterprise digitalisation, the company's solutions will offer clients significant performance improvement and cost optimisation.

FEDS founder and CEO, Rabih Bou Rached said, “I am very excited with this strategic alliance and have no doubt that this partnership will add significant value to FEDS, our clients and to Aerodyne Group. We look forward to continuously create value and expand the frontier in the drone services space together with Aerodyne.”

This strategic investment is part of Aerodyne’s aggressive two-year global plan which will potentially see the completion of seven M&As within the period. In December 2019, Aerodyne announced a similar strategic alliance with Measure UAS in America.


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